Iraq's Debts During The War With Iran Are Disturbing The Economy And Increasing The Possibility Of It Faltering
Economy | 04/20/2024 Mawazine News - Baghdad.. The financial and banking expert, Mustafa Hantoush, confirmed that the volume of external debts incurred by Iraq exceeded 75 billion dollars, and could increase by the end of the current year 2024.
Hantoush said, in an interview followed by Mawazine News/ that the volume of external debts incurred by Iraq before and after the year 2003 amounts to about 70-75 billion dollars, which can be increased by the end of the current year 2024.
He added that the public debt owed by Iraq to the Paris Club and external obligations is about 35 billion dollars, and may reach 50 billion dollars by the end of the current year, due to... Obligations, external contracts and debt interest.
He pointed out that there are old debts owed by Iraq related to financing the Iran-Iraq war and other international obligations before the invasion of Iraq in 2003, ranging between 35 and 40 billion dollars, which are not scheduled in the Iraqi payment regulations, but they are registered with the Iraqi banks of Al-Rafidain and Al-Rashid in the international debt regulations.
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